115 Main StHominy, OK 74035

Property Details for 115 Main St

Year built

1908

Lot size

2.00 AC

Property size (Sq ft)

4,998 SF

Property type

Retail space

APN

21108

APU

21108

Description

This versatile 1,120 square foot commercial building in Hominy, Oklahoma, presents a unique investment opportunity. Located at 115 W Main Street, Unit 115, the property sits on a one-acre lot and offers a blend of prime retail or office space on the ground floor and a spacious upstairs apartment. The commercial space is adaptable to various business uses, providing flexibility for entrepreneurs and investors. The upstairs apartment, currently in need of renovation, presents a significant opportunity for a live/work arrangement or to generate rental income. The "as-is" condition allows for complete customization to suit individual needs and preferences. The building's location in the heart of Hominy offers excellent visibility and accessibility. This property is priced at $40,000 and represents a compelling chance to acquire a mixed-use building with substantial upside potential. The one-acre lot provides ample space for future expansion or outdoor uses. The combination of commercial space and residential living makes this an attractive option for a variety of buyers. Don't miss this chance to own a piece of Hominy's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $918,615

  6.5%

  $847,953

  7%

  $787,385

• Comparable approach

  Method

  Valuation

  Relative Method

  $900,918

  Geo Method

  $900,918

• Alternative Use

  Use

  Valuation

  Residential

  $715,280

  Hospitality

  $655,192

  Educational

  $545,112

  Medical

  $563,860

  Retail

  $847,953

Location Insight

City

Hominy

County

Osage

State

Oklahoma

Latitude

36.4159

Longitude

-96.3933

CBSA code

46140

CBSA name

TULSA, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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